I woke up this morning with action on my mind. I have 2 business ideas that I want to start but to be honest, the life I live won’t even afford me the capital to get the legal paperwork for them. I’ve cut every corner possible except for rent. If it was just me, I’d live in a car for about 4-6 months just to get the money to get these businesses started. That’s not a reality, so I’m just going to dead it.
I’m not saving enough, fast enough, so I’m really flirting with the idea of getting a loan. I’ll be honest, I’m not crazy about the thought of it, but I feel I’m out of legal options. Plus, ever since I seen Mark Cuban say “Don’t take out a loan, because it’s the worst thing for a new business owner” I’ve been on the “let me hustle up some coin route and unfortunately it’s going slower than I would like. True, I don’t want to start a business in the hole and already owing someone or some entity, but I also don’t want to wait another year or so to start the businesses.
I’m keeping faith I will get this money, but my reality is slapping me in the face. That reality is, I don’t know likeminded people that want to be in the same industries that I want to be in, the way I want to be in them. I don’t have many resources to pool together to get started. At least the loan would put me in the game to say “These companies exist”. I know from experience most people want to attach themselves to something that already runs, not build it from the ground up.
Maybe this loan situation is just a scare tactic my mind is using against me. Maybe a loan is exactly what I need, so I can began the work to make the money back and have functioning businesses. I’m going to put positive energy to this and come up with a great solution soon.